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Midland Metals Recycling Limited

05344988

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

5 BISHOPS MEADOW ROAD, LOUGHBOROUGH, LE11 5RE
Incorporated 27/01/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

38320
Recovery of sorted materials

Officers

Mrs Sarah Finney

secretary · Since 27/01/2005

SECRETARY

BRITISH · ENGLAND · Age 43

Also on 1 other board

Mr William Frederick Finney

director · Since 27/01/2005

MANAGER

BRITISH · ENGLAND · Age 48

Mrs Sarah Finney

director · Since 01/04/2007

MANAGER

BRITISH · ENGLAND · Age 43

Also on 1 other board

Persons with Significant Control

Mr William Frederick Finney

50–75% shares

British · England · Age 48

5, Bishops Meadow Road, Loughborough, LE11 5RE

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 17/05/2018Registered 24/05/2018

CompanyRankvs 763+ SIC 38320 peers
42

Financial strength59th percentile among SIC peers · 15/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.63× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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763Midland Metals Recycling Limited
58
How is this score calculated?
Financial strength15/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

Act 2006. The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. 2.2. Going Concern Disclosure The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern

Key FinancialsYear ending 31/03/2025

Net Worth

£50k

Balance sheet strength

Cash

£47k

Cash in the bank

Net Current Assets

-£182k

Working capital

Current Assets

£306k

Current Liabilities

£487k

Fixed Assets

£373k

Debtors

£164k

6avg. employees

Balance Sheet

Assets less current liabilities£191k
Signed by Mr William Finney 14 January 2026Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.63+£46k
20240.56-£11k
20230.71-£20k
20220.74-£15k
20210.90—

Derived from filed accounts. Not audited figures.